WeneedBuyers /mandate for D2 and JP54 (Offer to Sell)
Trade Lead Description:
Partnership Process
1. LOI and detailed company profile are provided by
the buyer to the seller /seller mandate. Please note –
No banking information is needed. Only the bank
name is required. 2. Within one day a Soft Corporate Offer (SCO), addressed to the buyer, is issued by the refinery agent, stating that the same terms will be in a Full Corporate
Offer (FCO) and in the contract provided by the
refinery/seller. 3. Together with the SCO, two letters are issued to the
buyer: a) A letter agreeing to do POF via Swift to the
refinery’s bank, after getting their full details and
SWIFT instruction. b) A letter agreeing that total commission of X
USD/MT to be shared between refinery agent and
introducers on the buyer’s side (if any) and that the
refinery will act as the paymaster. 4. Buyer returns SCO, commission letter, and banking
letter signed. 5. Within one day the refinery issues bank
instructions for making POF to the buyer on its
paperwork, including full deta Posted from India - Tamil Nadu on 8 November, 2009
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